LONDON—The spot price of gold firmed slightly, supported by a weaker dollar and ongoing concern over the economic future of some of the euro zone's more heavily indebted members.
As long as jitters over sovereign debt in the euro zone remain, gold should continue to benefit as a perceived hedge against insecurity, market players said.
"We would keep an eye on gold's ratios against other precious metals, as bullion could well start breaking away from the rest of the commodity complex with tensions building up over peripheral debt troubles in the euro zone," said VTB analyst Andrey Kryuchenkov.
